MICHELIN COMPAG/ADR (OTCMKTS:MGDDY) Rating Increased to Hold at Zacks Investment Research

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MICHELIN COMPAG/ADR (OTCMKTS:MGDDY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, Zacks.com reports.

According to Zacks, “Compagnie Generale des Etablissements Michelin manufactures and sells tires for all kinds of vehicles, publishes maps and guides and operates a number of digital services. It manufactures and sells tires for cars, two-wheel vehicles, trucks, construction machinery, tractors and aircrafts. It also sells various car and bicycle accessories like pumps, manometers bicycle helmets, hubcaps, replacement components for tires and transport accessories. Other products sold by the company include protective clothing, table tennis rackets, shoe insoles along with many other items designed for road users. Compagnie Generale des Etablissements Michelin is based in Clermont-Ferrand, France. “

Several other equities research analysts have also issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of MICHELIN COMPAG/ADR in a research note on Thursday. HSBC lowered MICHELIN COMPAG/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. raised MICHELIN COMPAG/ADR from a “neutral” rating to an “overweight” rating in a research note on Sunday, January 5th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. MICHELIN COMPAG/ADR currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Shares of MICHELIN COMPAG/ADR stock opened at $17.50 on Friday. The stock has a 50 day moving average of $20.63 and a 200 day moving average of $22.92. MICHELIN COMPAG/ADR has a 12 month low of $14.85 and a 12 month high of $26.71. The firm has a market cap of $15.44 billion, a PE ratio of 8.06, a PEG ratio of 0.58 and a beta of 1.15.

MICHELIN COMPAG/ADR Company Profile

Compagnie Générale des Établissements Michelin manufactures, distributes, and sells tires worldwide. It operates through three segments: Automotive and Related Distribution, Road Transportation and Related Distribution, and Specialty Businesses and Related Distribution. The company offers tires for cars, motorcycles, scooters, trucks, agricultural, and construction equipment, as well as bikes, freight transport, public transit, trucking, civil engineering, and aviation.

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Analyst Recommendations for MICHELIN COMPAG/ADR (OTCMKTS:MGDDY)

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